What's happened
New York lawmakers have approved $90 million in payroll tax credits to hire local journalists in the state's fiscal year 2025 budget, marking the largest sum any state has devoted to local news. The provision is part of a wider state budget bill and is expected to be signed into law by Governor Kathy Hochul.
Why it matters
The approval of $90 million for local news in the New York budget is a significant step towards supporting local journalism, which has been facing financial challenges. This move could have a positive impact on the quality and quantity of local news coverage, potentially setting a precedent for other states to follow suit in supporting local journalism.
What the papers say
The New York Times highlights the significance of the $90 million provision for local news, emphasizing Governor Hochul's efforts to secure funding for local journalism. In contrast, The Independent focuses more on the broader state budget, detailing measures to spur housing construction and combat unlicensed marijuana stores.
How we got here
The $90 million provision for local news in the New York budget comes at a time when local journalism is facing financial struggles and declining resources. The move aims to support local newsrooms, protect current journalism jobs, and create new opportunities in the industry.
Common question
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